How does the future of the North Sea fit with Scotland’s Net Zero target?
The Scottish Government have declared a climate emergency and have a Net Zero target by 2045. How does this fit with a country that has a significant oil and gas industry?
Insights
Aberdeen accountancy firm handles £5m in Covid claims
Accountancy firm Infinity Partnership, of Aberdeen, has reached a milestone of £5 million in Covid-19 claims for clients
Sir Ian Wood: £62m energy funding package brings ‘exciting challenge’ for north-east economy
Sir Ian Wood, chair of economic development body Opportunity North East (ONE), comments on the Energy Transition Fund announcement from the Scottish Government.
Worley cuts another 1,900 jobs due to Covid-19
Engineering giant Worley has cut another 1,900 jobs globally in response to the Covid-19 crisis.
Rig workers hit out at ‘ridiculous’ quarantine rules
Oil and gas workers have hit out at what they deem to be “ridiculous” Covid-19 quarantine rules that have made a section of the industry “second-class citizens”.
ADM’s Okhomina eyes big plans
These are difficult times for the oil industry but ADM Energy is working on expansion at its Aje field, offshore Nigeria. At the same time, the company is also on the hunt for new opportunities, backed by an agreement with Trafigura.
North Sea workforce to make up majority of furlough figure as redundancies loom
North Sea oil industry workers are anticipated to make up the lion’s share of those using the furlough scheme within the UK energy sector.
Kuwait plans to curb expat hiring
Kuwait intends to ban the practice of hiring expatriate workers at Kuwait Petroleum Corp. (KPC) and its subsidiaries.
Offshore wind pipeline projects will ‘touch every part of the Highlands and Islands’
We particularly welcome the launch of Crown Estate Scotland’s offshore wind leasing round at this time.
Nigeria talks tough on production costs
Nigeria will cut production costs to $10 per barrel by the end of 2021, Nigerian National Petroleum Corp. (NNPC) managing director Mele Kyari has said.
UK energy sector needn’t curse ‘interesting times’
The apocryphal Chinese curse ‘may you live in interesting times’ could well apply to the current situation within the oil and gas sector.
‘Extraordinarily challenging headwinds’ hit Spirit’s bottom line
Spirit Energy plunged into the red in its second full year as an independent oil and gas business as impairments linked to lower commodity prices hit hard.
Whatever became of UK rigs to reefs study?
A recent report published by the Ecological Society of America – Forecasting the legacy of offshore oil and gas platforms on fish community structure andproductivity caught my eye. The report presented a model for forecasting fish communities surrounding offshore southern California installations following a series of decommissioning alternatives.
IMO 2020: coming up VLSFO
Six months on from the passage of the IMO 2020 initiative – the International Maritime Organisation ruling that required the marine sector to reduce sulphur emissions by over 80% – how has the market responded to the new position, asks Andy Laven, COO of Sahara Energy Resources DMCC
NLNG area declared pandemic epicentre
Three international oil companies have committed to building a COVID-19 treatment centre in the Bonny local government area (LGA).
Firms receiving UK state loans should safeguard British jobs, MSP says
North-east Labour MSP Lewis Macdonald has said oil firms receiving UK state support during the Covid-19 pandemic should be duty bound to safeguard jobs.
Geofizyka Toruń completes Mozambique shoot
Geofizyka Toruń has completed a 2D seismic study for Sasol in Mozambique, demonstrating that exploration in the East African state is progressing despite some disruption stemming from coronavirus.
Energean’s Karish plan slips
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
Dounreay firm offers up £100k to local businesses
The operator of the Dounreay nuclear plant is offering up £100,000 to assist local businesses to reopen as the lockdown eases.
Act now, or risk failure: why we must act faster on cleaner energy
With the United Nations Climate Change Conference, COP26, postponed to 2021 due to the COVID-19 pandemic, the UK Government now has a unique opportunity to take action and lead the world in its response to climate change through this period.
Free protective visors turned down by NHS
Protective headgear made with the help of a donation from a taxpayer-backed Aberdeen organisation has been rejected by NHS Grampian.
Aker Energy rethinks Pecan for a lower cost
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Eni’s Rovuma drilling disrupted
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Oil firms urged to reach for those digital heights
Oil firms must seize the opportunity presented by the Covid-19 pandemic to grasp the nettle and embrace digital technology and data analysis, industry experts have said.